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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: tom shelby who wrote (3320)	5/27/1998 12:23:00 PM
From: Ray Fidler	Respond to of 4718

Tom: In regards to your post #3281 on the questions you asked about the Indo property, that you would like answered in a news release, I think all or most of these questions can be answered by Peter Southward. Common sense can also be used. You probably are aware that there are only two drills operating with one used in the same area to increase resource and the other going around various spots. This is slow, and reduces the company's costs until the COW is granted. Management has done all it could do to get the COW, and now it's in the hands of the Indo politicians who have many other things on their minds. Of course, management is confident about the property and the country; it wouldn't be continuing to spend money if it weren't. The political situation appears to be improving, and the economic situation should improve with time. Antares is working in an area that is not affected greatly by the Indo crisis, and the company is getting along extremely well with the nearby residents. Every country goes through some problem or other - remember Mexico? Also, what about Canada in the fall of 1995? I thought we were going to lose Quebec, and I'm sure foreign investors at that time were worrying about their investments in Canada. Canada survived that. Peter is quite willing to discuss anything about Antares except confidential information. Call or email him. Also, don't forget the Annual Report is coming out in a few days, and that should give us management's thoughts and goals. June could become an exciting month for ANZ. Regards, Ray Fidler